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Diamond Sold for Record Breaking $35.3M
CBS News ^ | 2-26-10 | Associated Press

Posted on 02/26/2010 2:16:49 PM PST by cajuncow

AP) A 507-carat diamond as big as a chicken's egg sold for $35.3 million, breaking the record for the highest price ever paid for a rough diamond, the supplier said Friday.

The stone- which weighs just over 3.53 ounces - was estimated to be among the world's top 20 high-quality rough diamonds. It was discovered in September at South Africa's Cullinan mine.

London-listed diamond supplier Petra Diamonds Ltd. said the gem was purchased by Hong Kong-based private jewelry retailer Chow Tai Fook Jewelry Co. Ltd.

(Excerpt) Read more at cbsnews.com ...


TOPICS: News/Current Events
KEYWORDS: diamonds; hongkong; luxury; southafrica; worldrecord

1 posted on 02/26/2010 2:16:49 PM PST by cajuncow
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To: cajuncow

Darn missed it by that much.


2 posted on 02/26/2010 2:23:38 PM PST by bikerman (Buck Farack)
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To: cajuncow

That’s a lot of money for a shiny rock.


3 posted on 02/26/2010 2:25:07 PM PST by TChris ("Hello", the politician lied.)
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To: bikerman

Me too. $35.1 million was my limit.


4 posted on 02/26/2010 2:25:41 PM PST by OldDeckHand
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To: cajuncow
Not the stone in question, but a slightly larger one.



The Lesotho Promise

603 carats
5 posted on 02/26/2010 2:33:59 PM PST by djf (Islam. Kick them out TODAY or they will KILL US TOMORROW!!)
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To: TChris

Not shiny yet...it’s a rough diamond. One little mistake in cutting it can ruin the whole thing.


6 posted on 02/26/2010 4:18:15 PM PST by scrabblehack
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